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Three Small US Banks Collapse Over Past Month

PYMNTS

1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. 25, and the assets were purchased by Kentucky Farmers Bank Corporation in Catlettsburg, Kentucky. The most recent failure was on Nov. It had one branch with $27.1

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Impossible Foods CFO David Lee Goes To AppHarvest

PYMNTS

billion in funding to accelerate manufacturing, product development and distribution into key national grocery, restaurant, and hospitality venues.”. The company expects to begin its first harvest from its flagship farm, which is a 60-acre facility growing tomatoes in Morehead, Kentucky, this month.

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Apple Pay Appears To Be Coming Soon To Germany

PYMNTS

it is available for customers at First Calgary Financial, Essex Bank, Green Dot Bank, Home Federal Bank, Kentucky Bank, Los Alamos National Bank, Poppy Bank and Prospera Credit Union, just to name a few. The service now works with Changzhi Bank in Mainland China. In the U.S.,

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Kentucky is one of the latest jurisdictions that could welcome the wagering. Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. Missouri seems to be focusing on riverboat casinos and sports fantasy leagues.

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Finastra onboards 25 financial institutions onto cloud-based core banking solution

BankInovation

The London-based Finastra’s new client institutions include a mix of banks and credit unions such as the Rhode Island-based Peoples Credit Union, First National Bank of Manchester in Kentucky, and Indiana-based Fowler State Bank. […].

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SBA Small Business Loan Program Is Out Of Cash

PYMNTS

CNBC has reported that the $349 billion intended to keep small businesses afloat as the COVID-19 virus continues to wreak havoc on the nation’s economy has run out. ’ She said ‘we have time to negotiate,”” the Kentucky Republican tweeted on Thursday morning (April 16). Democrats blocked it.

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China Tests Facial Recognition Subway Payment

PYMNTS

The technology is fairly common in China, where people can even scan their faces to buy food from Kentucky Fried Chicken, and have been able to since 2017. In China, almost half the country uses mobile payments, to the point where the country’s central bank had to warn stores not to reject cash.

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